Intact Investment Management Inc. Raises Stake in Prologis, Inc. $PLD

Key Points

• Intact Investment Management boosted its stake in Prologis by 64.4% in Q4, adding 8,500 shares to hold 21,700 shares worth $2.77 million.
• Prologis beat Q1 estimates with $1.05 EPS (vs. $0.81 expected) and $2.30B revenue (vs. $2.12B), and set FY2026 EPS guidance of 6.07–6.23 (analysts expect ~6.17).
• The company declared a quarterly dividend of $1.07 (annualized $4.28, ~3.1% yield), though the payout ratio is about 107.8%, suggesting the dividend exceeds current earnings.

Intact Investment Management Inc. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,700 shares of the real estate investment trust's stock after acquiring an additional 8,500 shares during the period. Intact Investment Management Inc.'s holdings in Prologis were worth $2,770,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Pittenger & Anderson Inc. lifted its position in Prologis by 10.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,416 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 135 shares during the period. Balentine LLC lifted its position in Prologis by 19.9% during the 4th quarter. Balentine LLC now owns 2,895 shares of the real estate investment trust's stock valued at $370,000 after acquiring an additional 481 shares during the period. Benjamin Edwards Inc. lifted its position in Prologis by 16.7% during the 4th quarter. Benjamin Edwards Inc. now owns 36,012 shares of the real estate investment trust's stock valued at $4,598,000 after acquiring an additional 5,153 shares during the period. Caisse Des Depots ET Consignations lifted its position in Prologis by 152.2% during the 4th quarter. Caisse Des Depots ET Consignations now owns 32,071 shares of the real estate investment trust's stock valued at $4,094,000 after acquiring an additional 19,357 shares during the period. Finally, Composition Wealth LLC lifted its position in Prologis by 7.2% during the 4th quarter. Composition Wealth LLC now owns 23,088 shares of the real estate investment trust's stock valued at $2,947,000 after acquiring an additional 1,544 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Shares of PLD stock opened at $138.73 on Tuesday. The company has a 50 day moving average price of $136.77 and a 200-day moving average price of $131.63. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44. The firm has a market capitalization of $129.33 billion, a PE ratio of 34.94, a P/E/G ratio of 3.12 and a beta of 1.33. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis's payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLD shares. Truist Financial lifted their price target on shares of Prologis from $139.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, April 24th. BTIG Research restated a "buy" rating and set a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets restated a "market perform" rating and set a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.90.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.